More Paperwork to Track Uncle Sam's Stuff
Published Date: 3/13/2025
Notice
Summary
The Department of Defense, GSA, and NASA want to keep collecting info about government property for three more years to help manage federal stuff better. They’re asking for your thoughts by May 12, 2025, to make sure the process is easy and useful. This won’t cost extra money but aims to keep things running smoothly and smartly.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Proposed 3‑Year Extension of Reporting
The Department of Defense, GSA, and NASA say the Office of Management and Budget approved this government property information collection through June 30, 2025 and propose to extend that approval for three additional years beyond the current expiration date. Stakeholders may comment on the proposal by May 12, 2025.
Mandatory Detailed Property Records and Reports
Offerors and contractors must collect and keep detailed records under FAR 52.245-1 and 52.245-9. Required items include receipt documentation; item data (name, part number, National Stock Number, quantity, unit acquisition cost, unique‑item identifier if available, unit of measure, contract number, location, disposition, posting reference, and date placed in service); periodic physical inventories; prompt investigation and reporting of losses with specified data elements; disclosure of excess property; requests for replacement or rehabilitation; contract property closeout; and use of Standard Forms 1428 and 1429 for inventory disposal schedules with specified data (e.g., percent complete for work‑in‑progress, precious metal weight, hazardous material type).
Scale of Annual Reporting Burden
The agencies report the annual burden as 4,702 respondents, 9,433,560 total annual responses, and 4,662,001 total annual burden hours (2,405,041 reporting hours and 2,256,960 recordkeeping hours).
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Key Dates
Department and Agencies
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Previous / Next Documents
Previous: 2025-03999, Submission for OMB Review; Certain Federal Acquisition Regulation Part 16 Contract Pricing Requirements
The government is asking to keep collecting info from contractors about price changes in certain contracts, like when costs for materials or labor go up or down. This helps contracting officers adjust prices fairly. If you’re a contractor working with the government, keep an eye out—comments on this must be in by April 14, 2025, and no new fees are expected.
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The Department of Defense, GSA, and NASA want to keep collecting info about travel costs from contractors for three more years. They’re asking the public to share thoughts by May 12, 2025, to make sure this info helps the government and isn’t too much work. No new fees or changes in timing—just an extension to keep things running smoothly.